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IDEAL CASH MANAGER ADVANCE

The IDEAL Cash Manager is one of three overnight-funding products we offer. The others are the Daily Cash Manager and the Rollover Cash Manager.

Key Features
  • Overnight funding using your IDEAL Way line of credit
   
Common Uses
  • Manage daily funding needs.
   
Availability
  • Until 5:00 p.m.
   
Mechanism
  • Use your IDEAL Way overdraft line of credit for same-day funding.
   
Rate Set
  • Daily
   
Disbursement
  • Same-day
   
Repayment
  • All IDEAL Way advances will have a term of one business day and will be automatically charged back to your account on the business day following issuance.
   
Payment of Interest
  • Interest due monthly on the second business day of the month.

  • Interest is calculated on an actual/360-day basis.
   
More Information
   
Risks
  • Please see the IDEAL Cash Manager Primer for a discussion of the risks and other considerations associated with the IDEAL Cash Manager advance.